Doosan Heavy Industries & Construction and
Korea Southern Power Sign Agreement on Joint Development
-Two companies expected to expand overseas markets by combining their strengths
On November 11, Doosan Heavy Industries & Construction (Chairman and CEO Geewon Park) and Korea Southern Power signed an agreement at the former’s Seoul office to embark on the joint development of overseas projects to convert simple cycle plants into combined cycle power plants.
By additionally installing Heat Recovery Steam Generators (HRSG) and steam turbines to a gas turbine power plant, a simple cycle plant can be converted into a combined cycle power plant.
Combined cycle power plants are highly advantageous as they prove to be a much more environment-friendly and efficient way of generating power.
It also offers the additional benefits of a shorter planning and construction period. As it essentially entails building upon an existing project site, the installation and construction can be finished much more quickly, enabling the output and efficiency of the plants to be maximized within a short period of time.
Under the agreement, the two companies will be expanding their overseas business opportunities for converting simple cycle plants into combined cycle power plants by merging Korea Southern Power Corp.’s power plant operational know-how with Doosan’s expertise in the fields of power plant equipment manufacturing and the EPC business.